SAR Chores: What to Do Before Deciding Whether to File a SAR

  • When: August 5, 2020
  • Time: 12:00 – 2:00 PM ET
  • Level: All

The Suspicious Activity Report is one of the cornerstones of effective AML/AFC programs, both for financial institutions as well as regulatory bodies and law enforcement agencies who follow up on the reports. As such, it is incumbent that SARs are built on a solid foundation of factual findings, documented behaviors and clear communication. This webinar will walk attendees through best practices for investigating suspicious activities and, ultimately, deciding whether — and on what basis — to file a SAR with regulatory authorities.

Learning Objectives

  • Standardizing alert escalation processes to achieve uniform responsive actions, adherence to consistent timeframes and mitigate issues such as SARs based on false positives   
  • Analyzing escalated alerts to detail the extent and nature of suspicious activities and implicated entities to detail investigative processes and authenticate supporting documentation
  • Assembling a suspicious activity review committee of relevant stakeholders to evaluate activities in question, critique investigative findings and authorize SAR filing as warranted

Who Should Attend?

  • Compliance Officers
  • Risk Managers
  • Law Enforcement
  • Legal Advisors

Region/Industry

  • North America
  • Caribbean
  • Banking
  • Casinos
  • MSBs
  • Securities

Pricing

ACAMS Members Non-Members
$245 $445
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